EY Luxembourg Asset Servicing



EY Luxembourg's Asset Servicing team EY Luxembourg's Asset Servicing team

Asset Servicers, Professionals of the Financial Sector (PSFs) as well as Alternative Investment Fund Managers (AIFMs) are facing complex challenges. Over the past two years, the Wealth & Asset Management industry has been forced to adapt to disruptive market conditions. Rapid changes are underway, including product innovation, competition between geographies, interest in private assets, consolidation, and emerging operating models. Notwithstanding expanding regulations and the evolving macroeconomic environment, to keep up with the pace of digitalization, asset managers have had to adjust and redefine their servicing offering to remain competitive. This pressure has cascaded to asset servicers who need to be increasingly more agile.

At EY we aim to reshape these challenges into opportunities for growth that will shape the future of your business.

Our Asset Servicing core team has a dedicated sector focus which offers a broad selection of services delivered by agile, forward-looking and insightful EY people to support the priorities of asset servicers

How EY can help?




Top 5 Trends in Asset Servicing

Discover the most trends shaping asset servicing in 2025 and beyond

Top 5 trends in asset servicing

Can asset servicers afford not to digitalize?

Download our brochure on the investment tax credit available in Luxembourg, ready to be leveraged by asset servicers.

Can asset servicers afford not to digitalize?

Navigating the next wave of AML regulation to drive strategic innovation

Learn more about the role of AMLA in Europe and Luxembourg

AMLA Study 2025

Impact of Digital Technologies on Asset Servicers

Digitalization is reshaping asset managers, servicers, AIFMs, and ManCos in Europe, driving cost control, consolidation and competition. For servicers, it enables leaner operations. The third edition of the Digitalization in Asset Servicing Report analyzes insights from 48 Luxembourg asset servicers, assessing overall industry digital maturity.

The Customer Experience within the Asset Servicing Industry

Asset managers demand greater value at lower cost, pushing servicers to innovate under mounting price and efficiency pressures, especially from private equity investors. Delivering value for money is no small feat. Our report analyzes what asset managers expect from their asset servicers. 

Our latest thinking

Active ETFs and operational challenges

Over the past year, exchange traded funds (ETFs) have seen tremendous growth. As such, it’s beneficial to take a closer look on the operational challenges of active ETFs as a new contender with traditional actively managed mutual funds (“traditional funds”).

Crucial Tax perspectives: key highlights from EY Luxembourg's February 2025 Asset servicers roundtable

EY Luxembourg hosted the Asset Servicers Tax Roundtable bringing together tax professionals and industry experts to discuss the latest tax developments, compliance obligations, and regulatory updates affecting asset servicers. This edition focused on key areas such as personal tax, VAT updates, legal and compliance challenges, and the growing impact of ESG considerations in tax governance.

Driving transformation in tax, compliance, and regulation through digitalization, transparency, and strategic alignment

In May 2025, EY Luxembourg gathered professionals from across the asset servicing industry to share critical insights into regulatory developments, technology adoption, and tax policy.

Know Your Assets: the last update of the CSSF as a wake-up call to all sectors

Know Your Assets (KYA) is a critical process that involves identifying, assessing and managing money-laundering and terrorist financing (ML/TF) risks posed by the investments, to which professionals of the financial sector, in scope of the law of 12 November 2004 on the fight against money laundering and terrorist financing, as well as professionals of the insurance sector, are exposed. The KYA practice is essential not only for compliance with regulatory requirements but also for effective ML/TF risk management.

From legacy to leadership – the role of data in European asset management 

The European asset management industry faces fee compression, rising regulatory scrutiny, and increasingly sophisticated client expectations. At the heart of its transformation lies a powerful force: data.

Navigating challenges in the valuation of semi-liquid funds: Insights from industry experts

The growing interest in semi-liquid funds presents unique challenges for alternative investment fund managers (AIFMs). These challenges formed the foundation of discussions at the recent roundtable organized by EY Parthenon Luxembourg, which brought together a distinguished group of 20 professionals representing AIFMs and depositary banks.

Measurable impact: Organizations that use Artificial Intelligence in the right way increase profits and reduce costs

Artificial intelligence (AI) has come to stay. More and more people – whether in their private lives, their work routines, or both areas – are utilizing the opportunities presented by this new technology. The European AI Barometer 2025 shows, how their perspective on AI applications has changed over the past 12 months, how satisfied they are with the application of technology in their everyday work and where they still see challenges.

Ajay Bali + 2

Are you doing enough to scale your digital transformation?

Firms face a critical imperative: adapt or lag. The force of digital transformation is reshaping markets, consumer expectations and regulation. Investing in the transition is a necessity for resilience and relevance. Luxembourg-based firms can benefit from an investment tax credit to support their transition, but uptake has not been as strong as it could – and should – be.

Ajay Bali + 3

Essential tax insights: Key takeaways from EY Luxembourg's Asset Servicers Roundtable

On November 14, 2024, EY Luxembourg hosted the Asset Servicers Tax Roundtable, a pivotal event that brought together tax experts and industry leaders to discuss pressing tax issues, regulatory updates, compliance challenges, and emerging trends. The purpose of this event was to address, in real-time, the challenges that this sector may encounter and to help participants stay continuously updated.

Asset servicers, how would you measure your digital maturity?

As the market expands, asset managers are doubling down on digital innovation – and asset servicers are racing to keep up, reshaping their roles in a rapidly evolving ecosystem.

Mergers and acquisitions (M&A): Keys to a clean integration

The success of a transaction does not only rely on financial criteria. It also depends on the acquirer's ability to effectively integrate the target into its operations while maximizing synergies and considering essential human dimensions.

Asset managers propel asset servicers to fast-track the digital evolution

Asset managers' expectations for better service delivery leveraging technological advancement at optimized cost of service are compelling asset servicers to fast-track their digital transformation investments.

Ajay Bali + 1

Luxembourg asset servicers advance digitally amid standardization hurdles

Luxembourg’s asset servicing sector is embracing digitalization, with two-thirds of firms having half or more of their operations digitalized. According to EY Luxembourg’s study, most firms are fully funded for digital projects, and 57% allocate up to 5% of revenue to these initiatives.

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